Question: Chapter 13 Practice Test Question 21 P/E and Value JJ Industries retains 55% of its income. Last year's EPS was $2.15 and ROE is 13%.

Chapter 13 Practice Test Question 21 P/E and Value JJ Industries

Chapter 13 Practice Test Question 21 P/E and Value JJ Industries retains 55% of its income. Last year's EPS was $2.15 and ROE is 13%. Investors require a 11% return on this stock. What is the intrinsic value of the stock? Multiple Choice $34.42 O $35.21 $39.49 $36.87

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